Upper Level·T14 #2·Stanford, California

Tax Law at Stanford Law

Tax Law introduces the federal income tax system under the Internal Revenue Code. Students learn how to determine gross income, calculate deductions and credits, and analyze the tax treatment of different transactions.

Key Topics in Tax Law

Gross income and exclusions
Business and personal deductions
Capital gains and losses
Tax credits vs. deductions
Depreciation and cost recovery
Tax treatment of property transactions
Partnership and S-corporation taxation
Estate and gift tax
Tax-exempt organizations
Tax policy and reform

Key Questions in Tax Law

Is this item included in gross income?

Is the expense deductible, and under which IRC section?

Is this a capital gain or ordinary income?

What is the taxpayer's basis in the property?

Tax Law Case Briefs

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